What is the elasticity for a cross-price inelastic complement good?A.Between 0 and 1B.Between -1 and 0C.Greater than 1D.Less than -1SUBMITarrow_backPREVIOUS
Question
Solution 1
The elasticity for a cross-price inelastic complement good is B. Between -1 and 0.
Here's why:
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the price elasticity of supply is A. Perfectly inelastic B. Elastic C. Unitary D. Inelastic E. Perfectly elastic